Taipei

FEATURED ARTICLES ABOUT TAIPEI - PAGE 5

HONG KONG: Asian stocks closed lower Friday after the cost of crude struck another record high and broke through the $90 a barrel barrier, a falling US dollar and fears for the global economic outlook. Oil prices hit that record high amid tensions between Turkey and Kurdish rebels in major oil producer Iraq, while a weaker dollar makes for stronger regional currencies and raises the cost of exports. Given the extent of recent gains and ongoing fears surrounding the state of the mighty US economy, in particular the mortgage sector, profit taking again won out with Tokyo among the worse performers, down 1.7 per cent.

HONG KONG: Asian stocks were mainly lower Monday as dealers remained cautious ahead of a slew of economic data from the United States, while also awaiting decisions on interest rates across the world. Many investors were awaiting a decision in Washington on whether to bail out the Big Three carmakers in the US, who are appealing for help to save the nation's ailing auto industry. Meanwhile Japan's central bank has said it is considering a raft of plans to boost Asia's biggest economy as it battles the worst global financial crisis in decades.

US Credit Crisis: India Win Some, Lose Some HONG KONG: Asian stocks tumbled on Tuesday after the United States Congress in a shock move rejected a massive bailout plan for Wall Street, threatening to prolong the global financial crisis. However, many bourses clawed back many of their losses on bargain hunting, with Hong Kong reversing a six percent slide to end up in positive territory, while Singapore finished almost flat after opening nearly five percent off. Indexes opened sharply lower after news that Washington lawmakers had kicked out the 700-billion-dollar rescue package.

HONG KONG: Asian markets were lifted Thursday as all eyes moved to the United States, where President Barack Obama's massive stimulus package passed its first test in Congress. The biggest gainer of the day was Hong Kong, where the Hang Seng leapt 4.6 per cent, while Tokyo added 1.79 per cent and Sydney 0.9 per cent. Seoul was 0.7 per cent higher and Singapore was flat. Hong Kong opened seven per cent up as dealers caught up with three days of positive movement in other markets during the three-day Lunar New Year holiday.

TAIPEI: Taiwan share prices closed little changed Tuesday on cautious sentiment ahead of resistance at around the psychological 5,000 point mark, dealers said. The weighted index fell 2.43 points or 0.05 percent at 4,992.63, off a low of 4,876.00 and a high of 5,015.12, on turnover of 74.33 bn Taiwan dollars(2.27 bn US).

CHENNAI: A three-day Taipei international electronics show, 'TAITRONICS India 2007', showcasing the latest trends in various industries and to increase bilateral trade co-operation, will be inaugurated here on September 14. Walter Yeh, executive vice president of Taiwan External Trade Development Council (TAITRA) told reporters here that Taipei World Trade Centre and Taiwan Electrical and Electronic Manufacturers' Association had partnered with the Tamil Nadu government and the Confederation of Indian Industry to organise the show.

TAIPEI: Taiwan share prices fell sharply in early Friday trade, down almost two per cent after Wall Street's latest tumble amid concerns over the US economic outlook, credit woes and oil prices, dealers said. The weighted index was down 186.85 points or 1.95 per cent at 9,411.38. "Following Wall Street's dive, selling pressure here was heavy upon the market opening and the sell-off still continues," President Securities analyst Johnny Lee said.

TAIPEI: Taiwan shares opened down 2.0 per cent on Wednesday, taking their cue from the weakness in Wall Street and the regional markets, dealers said. The weighted index was down 99.01 points to 4,843.71 in the first minutes of trading.

TAIPEI: Taiwan share prices closed up 1.30 per cent on Monday as buying in financial heavyweights reversed early losses on profit-taking, dealers said. The weighted index rose 57.94 points at 4,518.43, off a low of 4,418.24 and a high of 4,567.76, on turnover of 66.88 billion Taiwan dollars (2.01 billion US).